Covered shorts. Made just 2 points. I don't believe bears are capable of selling.
I will stay flat for now.
Denleo
Covered shorts
Started by
denleo
, Apr 11 2007 09:28 AM
6 replies to this topic
#2
arbman
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Posted 11 April 2007 - 09:33 AM
It is just falling to find buyers probably though...
... except for energy issues, it is going vertical up...
#3
NAV
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Posted 11 April 2007 - 09:45 AM
Why ? I don't see any reason to exit. I am still holding my shorts.
#4
arbman
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Posted 11 April 2007 - 09:52 AM
Ooops! Now the energy turns around, the service stocks are also doing very poorly, I think this can get further legs...
I will cover some here to book the profits a bit...
#5
selecto
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Posted 11 April 2007 - 09:54 AM
I think too soon. The 60 min BB squeeze on the SPX is resolving downward, suggesting yet lower trading.
Edited by selecto, 11 April 2007 - 09:58 AM.
#6
Russ
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Posted 11 April 2007 - 10:09 AM
Agree, vix has just left the gate. ES 1440 should be reachable on this run. Some retracements are bound to happen along the way.
I think too soon. The 60 min BB squeeze on the SPX is resolving downward, suggesting yet lower trading.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#7
arbman
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Posted 11 April 2007 - 10:28 AM
I am covering the 70% of my shorts, although RUT is leading it also stopped at the last week's support despite the trendline break, the volume declined on the last leg lower too. My average price was too low to make much profit. I think I will short a bounce or a rally and I don't want to hold much ahead of the Fed minutes although I think it should sell more...
